Real Estate Strategic Management Model for Lithuanian Municipalities

Klumbytė, Eglė; Apanavičienė, Rasa

doi:10.3846/1648715x.2014.942407

Cited by 8 publications

(7 citation statements)

References 21 publications

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“…Girginer and Kaygisiz (2013) suggest viewing efficiency as a proper allocation of costs, proper administration, and good governance set to maximize the benefits to the public. Klumbytė and Apanavičienė (2014) claim that efficiency in the context of public real estate management is related to reducing operating and management costs without compromising the quality of the services provided by the assets. Just and Maennig (2012) determine that to achieve the efficiency of a public real estate asset, the managing entity should consider the asset's entire life cycle, evaluating the maintenance costs and the potential revenues that the asset can generate.…”

Section: The Concept Of Efficiency In Public Real Estate Managementmentioning

confidence: 99%

“…Wojewnik-Filipkowska et al (2015) investigate the issues related to state real estate management. Klumbytė and Apanavičienė (2014) research the efficiency of state real estate management, its issues, and modern methods of asset management, such as acquisition, maintenance and renovation of existing assets, or lease and sale of idle assets. Ragauskienė (2011) highlights the importance of the management process of state real estate.…”

Section: Introductionmentioning

confidence: 99%

“…Mažylis and Jasudavičiūtė (2005), and Mackevičius and Ragauskienė (2012) emphasize the impact of a centralized model of public real estate management on efficiency. Meanwhile, Klumbytė and Apanavičienė (2014) identify the importance of the need for state real estate in the context of the efficiency of state real estate management.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Efficiency and Challenges in Public Real Estate Management: Insights From Lithuania

Cohen,

Bereznauskė,

Burinskas

et al. 2023

International Journal of Strategic Property Management

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Public real estate is considered an integral part of national wealth. It generates a wide range of economic activities that contribute to creating and providing common public goods. This study examines the efficiency of public real estate management in Lithuania. Our findings show that public property use, disposal, and management strongly depend on the managerial approach. We apply data envelopment analysis (DEA) in addition to the income value, regression, and correlation methods. We find that there are certain biases present due to the exclusion of some state-owned properties from the public register. Furthermore, we identify the need for greater precision in the indicators used for financial reporting of state-owned assets. The excessive number of vacant asset units poses a challenge, as it requires substantial maintenance expenditures. Moreover, the appraisal of alternative use of these assets is lacking, thereby limiting the potential for maximizing public benefits. Our analysis reveals that the rental price per 1 m2 and the residual value of the leased premises are the most critical determinants influencing the management efficiency of publicly owned property. Furthermore, it is evident that the residential property is the only type of state-owned property managed efficiently within the Lithuanian public sector. These findings underscore the importance of formation of robust public real estate policies.

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Section: The Concept Of Efficiency In Public Real Estate Managementmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Efficiency and Challenges in Public Real Estate Management: Insights From Lithuania

Cohen,

Bereznauskė,

Burinskas

et al. 2023

International Journal of Strategic Property Management

View full text Add to dashboard Cite

show abstract

“…Also, internationally and scientifically the subject gained popularity. It starts to be recognized by international researchers around the world [19,21,[25][26][27]. Due to the main objective of the paper the focus of our review was on MREM studies which directly refer to the public management paradigm (see Table 1).…”

Section: International Research On Public Real Estate Managementmentioning

confidence: 99%

Impact of Public Management Approaches on Municipal Real Estate Management in Poland and The Netherlands

Marona

Beemt-Tjeerdsma

2018

Sustainability

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Since the economic crisis (2008) municipalities became more aware of their real estate portfolio. Their first reaction to the sense of urgency to pay more attention to this extensive property was to improve their real estate administration. Now, ten years later, municipalities are ready to focus more on the professionalization of the management of their real estate. The purpose of this study is to present the role of individual concepts of public management in Polish and Dutch municipal (public) real estate management. The paper is based on the results on survey research based on public real estate management theory and two public management approaches: new public management and good governance. First, preliminary research was carried out in a Polish metropolitan area after which all Polish metropolitan areas where questioned about their real estate management issues. This questionnaire was also sent to all Dutch municipalities one year later. The Hellwig’s taxonomic method was performed on both separately to assess the level of implementation of good governance and new public management principles in real estate management practices. The research shows that new public management standards are applied at a similar level in municipal real estate management in Poland and The Netherlands. Good governance standards are used a little more broadly in Poland than in The Netherlands. The research shows that in Poland and The Netherlands the concepts of new public management and good governance are not applied as a whole but are deployed as a collection of instruments. Most municipalities choose some of these instruments to apply to their municipal real estate (MREM). Both in Poland and in The Netherlands there are differences noticed in the application of new public management and good governance principles depending on the type of municipality. Besides this originality and scientific relevance, municipalities of both countries could benefit from this comparison by learning from best practices. Practical recommendations and suggestions for public administration concern: (i) the necessity to develop municipal real estate management plans; (ii) increase regularity of asset valuation and (iii) assessment of real estate management performance; (iv) greater transparency in real estate management; and (v) increasing the participation of citizens in the process of managing real estate.

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“…(van der Schaaf, 2002). It is a discipline of growing significance for local government across the world (Phelps, 2011), and in many countries municipalities not only own but manage large real-estate portfolios in order to provide the necessary services for the population and community, such as public buildings, infrastructure, schools, hospitals, social housing etc., and also buildings necessary for carrying out the administrative functions connected with municipal obligations (Klumbyte & Apanaviciene, 2015).…”

Section: Public Real-estatementioning

confidence: 99%

The characteristics to consider in municipal shared spaces

Brinkoe

Nielsen

2017

JFM

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PurposeThe purpose of this study is through collaboration with practitioners to identify key characteristics of municipal shared spaces and based on these developing a guide for establishing a shared space in a municipal real-estate portfolio.Design/methodology/approach This paper builds on existing theory on the subject of shared space as well as the practical experience of professionals within the fields of property management, space management and facilities management. The guide presented is the result of data collected through case studies, interviews, surveys and literature reviews. This knowledge is combined with data collected through a workshop with practitioners from municipalities and the private sector, in order to provide a final guide that is directly applicable as a tool for working with shared space as a part of a property management strategy. FindingsThe result presented is a guide to establishing a shared space in a municipal real-estate portfolio, created in collaboration between researchers and practitioners. It provides an introduction to the topic and outlines a number of tasks that must be completed in different parts of a project, thereby providing a tool which practitioners can use to realise shared space as a strategy in the context of public real-estate management. Originality/valueThe guide presented is a first in connecting theory with practical application and through collaboration between researchers and practitioners creating a tool to be used when working with shared space in a municipal realestate portfolio.

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Real Estate Strategic Management Model for Lithuanian Municipalities

Cited by 8 publications

References 21 publications

Efficiency and Challenges in Public Real Estate Management: Insights From Lithuania

Efficiency and Challenges in Public Real Estate Management: Insights From Lithuania

Impact of Public Management Approaches on Municipal Real Estate Management in Poland and The Netherlands

The characteristics to consider in municipal shared spaces

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